June 12 (Reuters) - Canadian stocks looked set to open little changed on Thursday, a day after the World Bank trimmed its global growth forecast.
June futures on the S&P TSX index <0#SXF:> were up 0.04 percent at 0715 ET.
New Housing Price Index and capacity utilization data are due at 0830 ET
The TSX index was little changed on Wednesday as higher commodity prices helped bolster the natural resource sectors, offsetting negative sentiment fueled by a sluggish outlook for the global economy.
Dow Jones Industrial Average e-mini futures were up 0.05 percent at 0715 ET, S&P 500 e-mini futures were up 0.03 percent and Nasdaq 100 e-mini futures were up 0.04 percent.
BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, reported a 9 percent rise in quarterly profit due to a foreign exchange gain on long-term debt and lower tax expenses.
Canadian Agriculture Minister Gerry Ritz lashed out at the United States for acting like a “schoolyard bully” on trade issues, and said he saw more promise in negotiating a bilateral deal with Japan than the more ambitious Trans-Pacific Partnership.
COMMODITIES AT 0715 ET
Gold futures : $1,360.4; -0.03 pct
US crude : $105.97; 1.49 pct
Brent crude : $111.85; 1.73 pct
LME 3-month copper : $6,669.25; -0.31 pct
ANALYST RESEARCH HIGHLIGHTS
Industrial Alliance Insurance : Canaccord Genuity raises rating to buy from hold
North West Co : Barclays cuts price target to C$25 from C$26; rating equal weight
WCP Resources Ltd : National Bank Financial raises target to C$19.50 from C$17.50
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Import Prices mm for May: Expected +0.2 pct Prior -0.4 pct
0830 Export Prices mm for May: Expected +0.1 pct Prior -1.0 pct
0830 Initial Jobless Claims for w/e: Expected +310,000 Prior +312,000
0830 Jobless Claims 4-Wk Avg for w/e: Prior +310,250
0830 Continued Jobless Claims for w/e: Expected +2.598 mln Prior +2.603 mln
0830 Retail Sales mm for May: Expected +0.6 pct Prior +0.1 pct
0830 Retail Sales Ex-Autos mm for May: Expected +0.4 pct Prior 0.0 pct
0830 Retail Ex Gas/Autos for May: Prior -0.1 pct
0830 Retail Control for May: Expected 0.4 pct Prior -0.1 pct
1000 Business Inventories mm for April: Expected +0.4 pct Prior +0.4 pct
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$1= $1.09 Canadian Reporting by Nikhil Kumar in Bangalore; Editing by Kirti Pandey
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